Filed under: Amherst County, Buyer, Out-of-Town Buyer/Seller, Statistics on June 3rd, 2010 | No Comments »

Filed under: Buyer, Campbell County, Seller on May 6th, 2010 | No Comments »

Filed under: Bedford County, Buyer, Seller, Statistics on May 6th, 2010 | No Comments »

There has been much talk about the problems with commercial lending and refinancing. I am pleased to share some fruits from the battle the National Association of REALTORS® and others have been wagging with the information below:
 
REPS. CALVERT AND KANJORSKI LEAD CONGRESSIONAL EFFORT URGING FEDERAL
REGULATORS
                  
TO ADDRESS GROWING COMMERCIAL REAL ESTATE MARKET CONCERNS
WASHINGTON, D.C. February 1, [...]

Filed under: Buyer, Education, RLI (REALTORS Land Institute), Seller on February 2nd, 2010 | No Comments »

Fourth quarter sales (Oct. 2009 - Dec. 2009) show continued decline. Compared with 2006 fourth quarter sales, number of sales in 2009 are down 58 percent. Gross sales in the last year are down 26 percent.

(2006 - 2009) Fourth Quarter
On December 31st the Lynchburg MLS has 1131 land listings with 891 being less than 6-acres. The number of new [...]

Filed under: Buyer, Central Virginia, Seller, Statistics on January 21st, 2010 | No Comments »

 
I wish I was an auctioneer today, they are getting the business. Everywhere I turn, I see the same auction companies selling property. I am being asked questions about recent sales by auction. Here are several:
“What sort of sales price are auctions bringing?” They are bringing current prices. A current price can be more, or [...]

Filed under: Buyer, Education, Lake Property, Seller, Statistics on November 8th, 2009 | No Comments »

Third quarter sales (July 2009 - September 2009) shows continued decline in land sales. With 52 sales by REALTORS© in the Lynchburg MLS we are still off a 2006 third quarter high of 116 sales by 45% and down 58% from 2008 gross sales. Note that first and second quarters were off almost the same amount.
(2006 - 2009) Third Quarter Sales

On September 30th [...]

Filed under: Buyer, Central Virginia, Statistics on October 26th, 2009 | No Comments »

What’s fair? I have two boys whose ages are ten and seven. I allow my older boy to do things that my younger son can not do. I also give, or as the older son might say, “demand” more responsibilities from him than his younger sibling. Fairness will be debated for years. I believe it [...]

Filed under: Buyer, Education, Seller on September 19th, 2009 | No Comments »

With the second quarter of 2009 topping out with over 1000-lots that are six acres or less; the market still favors the purchaser. My prior post 2nd Quarter Sales: More of the Same goes into the sale’s statistics. This post focuses on all subdivisions that show up in the Lynchburg MLS that have more than twenty [...]

Filed under: Buyer, Central Virginia, Education, Out-of-Town Buyer/Seller, Statistics, Subdivisions on August 13th, 2009 | No Comments »

Before taking real estate classes I learned a valuable lesson from my father, “Always have a good accountant and a good lawyer.” Through the numerous real estate classes those words have been reverberated - REALTORS®are told to say we are not qualified to give legal or financial advice and to always check with your lawyer [...]

Filed under: Buyer, Central Virginia, Education, Lake Property, Out-of-Town Buyer/Seller, Seller on July 16th, 2009 | No Comments »